Sr. Retirement Plan Adviser

About the role

PacifiCorp is seeking customer-centric candidates to grow and sustain its commitment to a culture of customer service excellence, environmental sustainability, inclusion & belonging.

General purpose: manage and resolve participant escalations and requests from DOL, senior management, etc.; serve as subject matter expert on department and benefits budget, retirement and 401(k) plans; conduct analysis through research, data gathering and interpretation, development of alternatives and recommendations for all benefit plans; monitor benefit trends and stay abreast of applicable benefits legislation; present analysis and recommendations to management and implement selected alternatives. Analyses include feasibility studies, cost/benefit analysis, trending/forecasting, financial analysis, investment funds and budget analysis and reporting.

Responsibilities

• Serve as Human Resource lead on analysis of investment funds within the retirement and 401(k) plans, and serve as PacifiCorp lead on 401(k) fund changes.
• Consult and collaborate with internal and external actuaries on modeling and financial analysis.
• Analyze and ensure retirement and 401(k) compliance with federal regulations.
• Coordinate updates to legal documents with ERISA counsel.
• Participate on PacifiCorp Employee Benefits Administrative Committee.
• Lead analysis on PacifiCorp impacts of Berkshire Hathaway, Inc., and Berkshire Hathaway Energy benefit compliance matters including potential need for 4010 filings, and Qualified Separate Lines of Business non-discrimination testing.
• Serve as Human Resource lead on annual benefit plan audits.
• Manage 5500 preparation and PBGC premium filings.
• Serve as Human Resource lead on PacifiCorp finance matters.
• Manage 401(k) plan administrator and retirement plan actuaries.
• Develop analysis and recommendations for senior management through research, data gathering, interpretation, trending, forecasting and modeling of data.
• Develop detailed financial and claims reports, alternatives, and recommendations.
• Develop and implement new policies and/or procedures to ensure compliance with federal or state regulations or plan compliance.
• Compile market data, provide recommendations and analyze collective bargaining agreements or contracts.
• Evaluate proposed benefit programs and/or contracts by studying provisions and estimating the financial impact.
• Conduct analysis on trends and develop rate recommendations.
• Assist vice president in union negotiations, preparation, and data analysis.
• Develop data analysis and detailed reports for use in rate cases.
• Understand benefit cost drivers and develop solutions to a diverse range of complex problems and assignments, which require creativity and innovation within broadly defined policies and practices.

Requirements

• Bachelor’s degree in Business Administration, Finance, Human Resource Management, or a related field; or the equivalent combination of education and experience.
• Minimum of seven years’ experience in benefits or a similar position requiring equivalent experience.
• Knowledge of data gathering, analysis, forecasting, and modeling techniques; applicable company policies and procedures; applicable federal, state, and local governmental laws and regulations.
• Project management skills including project leadership, task identification, scheduling, and cost/expenditure identification.
• Proficient with the use of all Microsoft products including spreadsheet, database, word processing, and presentation applications to gather, analyze, and model information; expert-level skills in Excel.
• Communication and interpersonal skills including ability to consult with internal and external customers regarding matters/issues which may be sensitive in nature.
• Ability to work with all levels of an organization including people with different styles and backgrounds; ability to work as a member of a team and present alternatives and recommendations.

Preferences

• CEBS, PHR or SPHR certification.
• Knowledge of and experience with SAP.

Benefits

• Medical, dental, and vision insurance.
• 401(k) with match fixed contributions, including a Roth and saving option; for union employees, matching contributions vary by union; for nonunion, PacifiCorp makes a fixed contribution equal to 4% of eligible pay each year for new hires and matches 100% of the first 6% contributed.
• Life insurance.
• Additional voluntary benefits, including pet insurance.
• Tuition assistance.
• Mass transit pass for employees in Portland and Salt Lake City offices.
• Generous paid time off (varies by employee type).
• Paid short-term disability leave and long-term disability insurance.
• Paid parental leave.
• Paid bereavement leave.
• Employee assistance program supporting mental and emotional wellbeing.

Pay

Hiring range: $102,000 – $140,250. This position is eligible for an annual discretionary performance incentive bonus of up to 15.00% of salary.

Schedule

Full-time; 100% onsite in Portland, OR.